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Great Bear Resources Ltd.
Summary
| Project: | Dixie Lake | |
|---|---|---|
| Deposit: | LP Fault | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/6/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-7-2020: Great Bear Resources Ltd. announces an Exploration/Drilling Update report for its LP Fault deposit at the Dixie Lake project. Drilling results incl. 53.5m @ 7.26g/t Au from 126m. July 6, 2020 – Vancouver, British Columbia, Canada – Great Bear Re | |
| Resources: | x | |
| CP/QP: | [Overall Report] R. Bob Singh (Internal) | |
| ABSTRACT: | July 6, 2020 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR; OTCQX: GTBAF) today reported results from its ongoing fully funded $21 million exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario. Chris Taylor, President and CEO of Great Bear said, “The most recent drilling along 650 metres of strike length of the multi-kilometre LP Fault gold system has shown mineralization typically expands at depth. As the system broadens, we generally observe an increasing number of high-grade gold intervals within broader halos of moderate gold grades. Gold mineralization continues to show excellent continuity within and between drill sections in all locations tested to date. A new gold zone adjacent to the LP Fault zone was also discovered at approximately 750 metres vertical depth, consistent with our model of a greater than one kilometre wide structural zone at Dixie that has the potential to host additional new gold discoveries.” The Company has completed 120 of approximately 300 planned drill holes into the LP Fault target, as part of its 5 kilometre long by 500 metre deep grid drill program. Current drill hole locations and results are provided in Figure 1, and in Table 1, respectively. | |
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